Examlex
From 2002-2011, the dollar strengthened in value against other currencies. Who was helped and who was hurt by this strong dollar?
Marginal Utility
The additional satisfaction or benefit gained from consuming one more unit of a good or service.
Pretzels
A type of baked pastry made from dough that is commonly shaped into a knot and often salted.
Budget Constraint
A representation of all the combinations of goods and services that a consumer can afford with a fixed income and prices.
Indifference Curve
A graph representing different bundles of goods between which a consumer is indifferent, showing combinations that give the consumer the same level of satisfaction.
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